MEMPHIS, November 16, 2009 - The Memphis Grizzlies today released the following statement from General Manager and Vice President of Basketball Operations Chris Wallace.
“The Grizzlies and Allen Iverson have come to a mutual agreement that because of personal matters that forced him to leave the team on November 7, Allen will step away from the game at this time, allowing him to focus on those matters.
“As a result, we will be ending our contractual agreement with Allen, which will allow both parties to move forward. We wish Allen the best.”